Disposable Thermometer Market Analysis

Disposable Thermometer Market Analysis

Mercury thermometers market was valued around USD 38.4 million in 2019 and is estimated to grow significantly during the forecast period. The major factors augmenting the market growth are growing number of infectious and chronic diseases. Such diseases are characterized by high fever, as a major distinctive symptom. Hence, measuring the temperature will be the primary diagnosis.
 

For instance, the novel pandemic coronavirus disease is spreading at an extremely high rate globally. The key role of thermometers is to measure the body temperature in public places such as shopping malls, hotels and shops among others.
 

However, mercury thermometers are traditional medical devices and cannot be used with patients without being in physical contact with them. Hence, reusable infrared thermometers are being utilized widely for contactless and efficient measurement of temperature in the current coronavirus epidemic.
 

Thus, a lower growth rate is observed as compared to other disposable thermometers. However, mercury thermometers are being widely used in home settings as a result of the recent pandemic, and thus resulting in significant revenue for 2019.
 

Oral segment held the highest revenue in 2019 and is expected to expand at a CAGR of 6.5% during the forecast timeframe. The segmental growth is attributed due to the advantages of oral thermometers. Few of the advantages include easy-to-use, lesser maintenance required and minimum chances of infection.
 

Also, the thermometers when placed in the oral cavity are very nearby to sublingual arteries that can track the changes in the body temperature. Thus, oral thermometers are more convenient and easily accessible that provide better estimation of core body temperatures.
 

Hospitals held a significant share of the global disposable thermometer market in 2019 and was valued at USD 28.6 million. Hospitals are well equipped with disposable and technologically advanced devices including thermometers to measure the body temperatures. Thus, increased implementation and adoption of thermometers in hospitals will further drive the segmental growth.
 

For instance, as per the American Hospital Association, in 2017, there were approximately 36.5 million admissions to hospitals, hence, indicating the requirement of measuring body temperature devices (thermometers), therefore enhancing the market growth.
 

Furthermore, the disposable thermometers have increased its significance, as a first-line diagnostic equipment that is used in general outpatient department, thereby supplementing the market growth during the forecast period.
 

One of the key factors responsible for regional growth is prevalence of various chronic and infectious diseases in the European region. Availability of advanced disposable thermometers to measure body temperature will serve as major impact rendering factor for growth of Europe disposable thermometer market.
 

According to the World Health Organisation (WHO), till March 2020, approximately 5,82,554 cases of COVID-19 were registered. Europe has faced severe outcomes of COVID-19, causing around 47,741 deaths, majorly in Italy and Spain. Furthermore, high disposable income and developed healthcare infrastructure will drive market growth in the region.